Appellate authority confirms SGST demand of Rs 1.59 cr; company to further appeal

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Price reactionminutes from the announcement price · days from the prior close

-2.9%Reaction day

₹208.67

prior close

₹208.46

announcement price

In-mkt

timing

Nifty Smallcap 250market-1.2%-1.7% vs market

Household Appliances peers, median of 23sector-1.9%-0.9% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 0.9 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.4

15m

-0.4

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.9-1.2-1.7-1.9-0.9

Next day

+1.4-0.8+2.2-1.1+2.5

+1.6+0.6+1.1-0.3+1.9

+1.3+0.7+0.7+0.7+0.6

-2.1-1.7-0.3-1.6-0.4

-1.8-1.3-0.5-2.1+0.4

+1.6+0.2+1.4+0.0+1.6

15d

-7.1-6.9-0.2-7.4+0.3

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UpDownMarket · Nifty Smallcap 250Sector · Household Appliances peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Crompton Greaves Consumer Electricals received an order from Additional Commissioner (Appeals), Chandigarh confirming an earlier SGST demand for FY 2019-20 over alleged excess Input Tax Credit claims. Total demand is Rs 1,59,27,495 covering tax, interest, and penalty. The company says there is no material impact on financials or operations and plans to file a further appeal under Section 112 of the SGST Act, expecting a favourable order.

Likely market impact

Order confirms SGST demand of about Rs 1.59 cr; company says no material impact and will appeal further. Limited near-term effect on stock expected.